Anyone considering investing in a Florida property for their retirement may be interested to know that the state is considered to have a relatively low tax rate.

Near-retiree Catherine Keller, 60, has been searching for the cheapest state in which to spend her retirement and has found that so far nothing beats Florida property for a low cost of living, according to New Jersey Business News.

Ms Keller told the newspaper: "Tax implications are really important to me […] you can adjust your way of living, but once you’ve settled, you can’t change your tax situation.

‘It would make sense to live someplace and not pay state taxes […] then maybe I could take an extra vacation every year.’

There are currently nine states that do not charge residents broad-based personal income tax, of which Florida is one.

Ms Keller is also keen on a Florida property for her retirement because of the state’s warm weather and the value for money offered by properties there, the newspaper reports.

British golfer Justin Rose is reported to be a big fan of Florida property, having moved to a special golfing community within the sunshine state, according to the Telegraph.

Visit Rightmove Overseas for the best selection of Florida property. Stop dreaming, start searching!